BTC nearing decision point.

Price has been ranging for almost a month now.

I am trading the charts here, Not my bias.

I am gonna wait for breakout, whichever way this goes.

4 hour close below ~9400- short

4 hour close above 9800 long.

Invalidation would be if price returns back into the range.

코멘트:

The larger range will make you cry.

코멘트:

코멘트:

Is this a breakout? possibly.

But i am out of shorts atm.

It could go to 10.5 from here or get back into the range. volume is not supporting priec break atm

코멘트:

u could take a bet its gonna go to 10.5, But with longer term tf resistances nearby i wonder how far price will go on this "breakout"

Lets wait and see.

코멘트:

i bet long, lets see now. hopefully no further chop.

trading back inside the range would invalidate.

코멘트:

Price can ofcourse wick..Risk management very important. i bet only 1% on this trade.

코멘트:

im out of long and re-waiting again.

코멘트:

price is back in range which invalidates breakout. now what btc?

코멘트:

^ only invalidated if price closes below 9850 on the 4h its not yet closed but very close to closing atm.

코멘트:

Idea invalidated price just chopping atm. fake breakout.

코멘트:

Back into the range for how long this time god knows.

코멘트:

Short from 9800, Invalidated once it closes above this area.

코멘트:

Break of 9400 would confirm bearishness - till then better be cautious.

코멘트:

Imo this breakout is not yet valid.

Seems like its still ranging to me..

코멘트:

코멘트:

range broken?

코멘트:

back in range sigh.

wont be surprised if we see 9800 again.

코멘트:

Still grinding in the range.Any signs of failure to break the range would be bad for bears.

코멘트:

Ranging still.!!

It still might go and test the red area in the above chart. As long as grey area holds, dont be too bearish.

코멘트:

gray area broken for now.

코멘트:

Reclaim 9400 to invalidate short

코멘트:

Neccc stil ranging bros. Bias to the downside as long as price below 9800